EURJPY has broken below the ascending trendline and is now trading under the key structure at **164.331**. The price appears to be forming a lower high before potentially continuing its downward move. As long as price stays below the **165.545** invalidation level, the bearish bias remains intact, with a projected target around **160.000**.
**Key Levels:**
- **Resistance (Invalid Level):** 165.545
- **Structure Break:** 164.331
- **Bearish Target:** ~160.000
**Outlook:**
Bearish continuation likely as long as price remains under resistance.
**Disclaimer:**
This is not financial advice. Trade at your own risk and always use proper risk management.
**Key Levels:**
- **Resistance (Invalid Level):** 165.545
- **Structure Break:** 164.331
- **Bearish Target:** ~160.000
**Outlook:**
Bearish continuation likely as long as price remains under resistance.
**Disclaimer:**
This is not financial advice. Trade at your own risk and always use proper risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.